Atria Investments Inc Boosts Stake in Rexford Industrial Realty, Inc. $REXR

Atria Investments Inc increased its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 131.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,761 shares of the real estate investment trust’s stock after buying an additional 8,946 shares during the quarter. Atria Investments Inc’s holdings in Rexford Industrial Realty were worth $561,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in REXR. M&T Bank Corp boosted its position in shares of Rexford Industrial Realty by 1.2% during the 1st quarter. M&T Bank Corp now owns 26,857 shares of the real estate investment trust’s stock worth $1,052,000 after purchasing an additional 317 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Rexford Industrial Realty by 3.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 13,059 shares of the real estate investment trust’s stock worth $472,000 after purchasing an additional 423 shares in the last quarter. Amundi raised its holdings in shares of Rexford Industrial Realty by 5.8% in the first quarter. Amundi now owns 126,678 shares of the real estate investment trust’s stock worth $4,544,000 after acquiring an additional 6,970 shares during the last quarter. Pallas Capital Advisors LLC acquired a new position in Rexford Industrial Realty in the 2nd quarter valued at about $267,000. Finally, Truvestments Capital LLC purchased a new position in shares of Rexford Industrial Realty during the first quarter valued at approximately $3,030,000. Institutional investors and hedge funds own 99.52% of the company’s stock.

Rexford Industrial Realty Stock Performance

REXR opened at $41.82 on Monday. The business has a 50 day moving average price of $41.99 and a two-hundred day moving average price of $38.40. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.95 and a quick ratio of 2.95. The company has a market capitalization of $9.73 billion, a price-to-earnings ratio of 29.45, a price-to-earnings-growth ratio of 3.05 and a beta of 1.15. Rexford Industrial Realty, Inc. has a 1-year low of $29.68 and a 1-year high of $44.38.

Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings data on Wednesday, October 15th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.01. The company had revenue of $246.76 million for the quarter, compared to analysts’ expectations of $253.46 million. Rexford Industrial Realty had a net margin of 33.88% and a return on equity of 3.81%. The business’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 EPS. Rexford Industrial Realty has set its FY 2025 guidance at 2.390-2.410 EPS. Research analysts predict that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Wednesday, December 31st. Rexford Industrial Realty’s dividend payout ratio is 121.13%.

Analyst Ratings Changes

A number of research firms recently issued reports on REXR. Evercore ISI boosted their target price on shares of Rexford Industrial Realty from $39.00 to $40.00 and gave the company an “in-line” rating in a report on Monday, September 15th. BNP Paribas Exane reaffirmed a “neutral” rating and set a $47.00 price target on shares of Rexford Industrial Realty in a research note on Tuesday, October 21st. Barclays upped their price objective on shares of Rexford Industrial Realty from $35.00 to $39.00 and gave the company an “underweight” rating in a research report on Monday, September 15th. Mizuho lifted their target price on Rexford Industrial Realty from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, September 8th. Finally, Wells Fargo & Company raised their price objective on Rexford Industrial Realty from $40.00 to $47.00 and gave the company an “overweight” rating in a research note on Monday, October 27th. Three research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $42.58.

Rexford Industrial Realty Company Profile

Rexford Industrial Realty, Inc is a self-administered and self-managed real estate investment trust, which engages in owning and operating industrial properties in infill markets. The company was founded by Richard S. Ziman on January 18, 2013 and is headquartered in Los Angeles, CA.